Institut Louis Bachelier

Publications of the Chair

Criticizing the Lucas Critique: Macroeconometricians’ Response to Robert Lucas

2015

Authors :

Aurélien Goutsmedt, Erich Pinzon-Fuchs, Matthieu Renault, Francesco Sergi

Abstract. The standard history of macroeconomics considers Lucas (1976)– “the Lucas Critique” –as a path-breaking innovation for the discipline. According to this view Lucas’s...

Oil and Unemployment in a New-Keynesian Model

2015

Authors :

Verónica Acurio Vásconez

The effects of oil shocks in inflation and growth have been widely discussed in the literature, however few have focused on the impact of...

What if Oil is Less Substitutable? A New-Keynesian Model with Oil, Price and Wage Stickiness including Capital Accumulation.

2015

Authors :

Verónica Acurio Vásconez

The recent literature on fossil energy has already stated that oil is not perfectly substitutable to other inputs, considering fossil fuel as a critical...

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Last Publications
- Unravelling the Narratives of the Climate Finance
  
  Since the early 2000s, the public debate has gradually filled with normative proposals aimed at tackling the two-way climate finance challenge (how finance impacts climate stability and how finance can be impacted by climate change) – the “climate finance agenda”. Yet, although parts of this agenda are already discussed by the literature, scholars still...
- Disentangling what Drives Global Urea Price: Short-Run and Long-Run Effects
  
  The concurrent surge in fuel, food, and fertilizer prices underscores the broad vulnerability of agrifood system in an interconnected global economy, where supply chain disruptions can propagate rapidly. It also highlights the urgent need for a deeper understanding of the short-and long-term drivers of the price of the world's most widely used nitrogen fertilizer:...
All publications

All publications
Upcoming Events
(See all events)
- Workshop – Environmental and Natural Resources Economics
  
  5 May 2026
  
  6 May 2026
  
  Ce workshop s'adresse particulièrement aux chercheurs et chercheuses. En présence de Véronica Salazar (IIE, Stockholm), Anna Papp (MIT), Ludovica Gazze (Warwick), Ondine Berland (LSE), Anouch Missirian (INRAE, TSE), Mathieu Parenti (INRAE, PSE), François Bareille (INRAE, PSAE) et Julien Wolfersberger (AgroParisTech, PSAE).

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